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Starbucks (SBUX) Increases Despite Market Slip: Here's What You Need to Know
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In the latest trading session, Starbucks (SBUX - Free Report) closed at $92.70, marking a +0.78% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.37%. At the same time, the Dow lost 0.62%, and the tech-heavy Nasdaq lost 0.19%.
Shares of the coffee chain have depreciated by 4.74% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 1.56% and the S&P 500's gain of 1.56%.
Investors will be eagerly watching for the performance of Starbucks in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.94, showcasing a 25.33% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $9.66 billion, indicating a 10.82% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.13 per share and a revenue of $39.56 billion, signifying shifts of +16.67% and +9.97%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Starbucks. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.14% decrease. At present, Starbucks boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Starbucks is at present trading with a Forward P/E ratio of 22.25. This indicates a premium in contrast to its industry's Forward P/E of 18.98.
We can additionally observe that SBUX currently boasts a PEG ratio of 1.34. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Retail - Restaurants stocks are, on average, holding a PEG ratio of 1.68 based on yesterday's closing prices.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 81, positioning it in the top 33% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Starbucks (SBUX) Increases Despite Market Slip: Here's What You Need to Know
In the latest trading session, Starbucks (SBUX - Free Report) closed at $92.70, marking a +0.78% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.37%. At the same time, the Dow lost 0.62%, and the tech-heavy Nasdaq lost 0.19%.
Shares of the coffee chain have depreciated by 4.74% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 1.56% and the S&P 500's gain of 1.56%.
Investors will be eagerly watching for the performance of Starbucks in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.94, showcasing a 25.33% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $9.66 billion, indicating a 10.82% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.13 per share and a revenue of $39.56 billion, signifying shifts of +16.67% and +9.97%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Starbucks. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.14% decrease. At present, Starbucks boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Starbucks is at present trading with a Forward P/E ratio of 22.25. This indicates a premium in contrast to its industry's Forward P/E of 18.98.
We can additionally observe that SBUX currently boasts a PEG ratio of 1.34. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Retail - Restaurants stocks are, on average, holding a PEG ratio of 1.68 based on yesterday's closing prices.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 81, positioning it in the top 33% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.